HOW MANY INNOCENT PEOPLE WILL BE MURDERED BY BLACKS TODAY?..........THE LOOTING ACROSS AMERICA is as black as the staggering murder and crime rates of BLACKS ACROSS AMERICA. Black Lives Matter? NO LIFE MATTERS TO BLACKS!

Wednesday, March 4, 2015

............ WHY DO BILLIONAIRES LIKE MARK ZUCKERBERG, BILL GATES AND MICHAELBLOOMBERG HOWL FOR OBAMA'S AMNESTY? IT'S ALL ABOUT KEEPING WAGES DEPRESSED AND PROFITS MARGINS HIGH. THEN THE REAL COST OF ALL THE WELFARE ILLEGALS LOOT FALLS ON THE BACKS OF THE AMERICAN MIDDLE CLASS THROUGH TAXES..... CA ALONE PUTS OUT NEARLY $30 BILLION PER YEAR IN SOCIAL SERVICES TO ILLEGALS.

Since 2009, when the policies of bank bailouts, near-zero interest rates and “quantitative easing” were fully implemented, the wealth of the world’s billionaires has nearly tripled. Led by the Obama administration in the US, the ruling class has funneled trillions of dollars into the financial markets while carrying out a relentless assault on the working class.

Wealth of world’s billionaires surges past $7 trillion

By Joseph Kishore 4 March 2015

The combined net worth of the world’s billionaires has reached a new high in 2015 of $7.05 trillion, according to the latest compilation published by Forbes magazine on Monday.

There are a record 1,826 billionaires, each with an average wealth of $3.8 billion. Relative to last year, the world’s billionaires have increased their combined wealth by more than 10 percent, from $6.4 trillion in 2014, while the total number of billionaires has grown by 11 percent.

In introducing its report, Forbes noted the striking disconnect between the continued surge in the wealth of the world’s ultra-rich and the state of the world economy. “Despite plunging oil prices and a weakened euro, the ranks of the world’s wealthiest defied global economic turmoil and expanded once again,” the magazine commented.

This growth in the wealth of billionaires is bound up with the continued rise in global equity markets. The FTSE All-World Index surged to record highs last month, and US markets have continued to break records. Stock ownership is overwhelmingly concentrated in the hands of the wealthy, who have been the prime beneficiaries of “quantitative easing,” record low interest rates and other government policies.

The United States, the home of Wall Street and center of global financial capital, again has far and away the highest number of billionaires—536. Since the beginning of the so-called “economic recovery,” in 2009, some 95 percent of all income gains in the United States have gone to the top 1 percent. Meanwhile, nearly one in four children in the country lives in poverty.

At the top of the list of billionaires in the US are familiar names, including Bill Gates, the founder of Microsoft, whose individual wealth alone surged by $3.2 billion, to $79.2 billion. Among Americans, Gates was followed by investor Warren Buffet, the list’s biggest gainer for the year, who now has a net worth of $72.7 billion, up $14.5 billion from last year.

Further down the list, one finds individuals like hedge fund manager Steven Cohen, a personification of the essentially criminal character of American capitalism. A year ago, Cohen’s former hedge fund, SAC Capital Advisors, pleaded guilty to insider trading charges. Cohen himself was never charged, and he simply transferred his fortune to a new firm, Point72 Asset Management. Cohen made $1.3 billion last year, bringing his total net worth to $11.4 billion.

If categorized as a separate country, California, with 131 billionaires, would be second on the Forbes list, following only the US as a whole and China. Among the new billionaires in California are Travis Kalanick and Garett Camp, co-founders of Uber, a car-sharing service that specializes in coordinating drivers who are paid low wages, with uncertain and irregular hours. Such labor is increasingly being seen as a model for the American economy as a whole.

Carlos Slim, the Mexican telecommunications magnate, was second on the global list, with $77.1 billion. Half of Mexico’s population of 122 million people lives in poverty, defined as an income of less than about $6 a day (2,329 pesos a month). Slim’s personal fortune is roughly comparable to the combined annual income of these 60 million impoverished Mexican workers.

While Slim is the richest single individual in Latin America, the country with the largest number of billionaires in the region is Brazil, with 54. Half of Brazil’s 60 million children live in poverty.
Overall, the country with the second largest number of billionaires is China, with 213, followed by Germany, India and Russia.

China, which remains a cheap labor platform for world capitalism, is home to 71 of the 290 billionaires on the Forbes list this year, or about a quarter of the total. The richest individual in China is Wang Jianlin ($24.2 billion), a real estate magnate, followed by Jack Ma ($22.7 billion), the founder of Alibaba Group, an Internet trading company.

A surge in equity markets in China last year has benefited not only Chinese billionaires. Forbes commented, “If you invested in the companies run by billionaires on the top 20 China billionaire list, you’re tracking their wealth right into your brokerage account.” The initial public offering of Alibaba last year became an international spectacle of speculation and greed, netting global investors tens of billions in profits.

On India, Forbes commented that the country’s 90 billionaires “are riding high on Prime Minister Narendra Modi’s promise of ‘good times.’” The right-wing Hindu fundamentalist politician, elected last year, has quickly pushed through a raft of pro-business measures, while promoting the country as the world’s sweat shop.

The richest Indian is Mukesh Ambani (net worth of $21 billion), the chairman and managing director of Reliance Industries Limited. About 60 percent of the population in India, or 750 million people, live on less than $2 a day.

Certain broader comparisons are revealing. The debt that Greece owes the banks of Europe, for example, is about $90 billion. The wealth of the world’s billionaires is more than 77 times this amount.

In the United States, the city of Detroit has a debt of $6.9 billion, or one one-thousandth of the collective wealth of the world’s billionaires.

Both Greece and Detroit have been dragged through a disastrous restructuring dictated by the banks and endorsed by the entire political establishment, resulting in mass impoverishment and the decimation of living standards.

The Forbes list gives expression to the parasitic character of world capitalism as a whole. Whatever the particular sector of the economy with which their wealth is associated—finance, manufacturing, telecommunications—the fortunes of the ultra-rich are invariably tied to surging stock markets.
The concentration of such enormous sums in the hands of so few is not simply the product of abstract economic processes, but deliberate government policies, intensified since the financial crash of 2008. As the World Socialist Web Sitenoted at the time, the crisis was “the form in which a fundamental restructuring of the American and global economy, and the social and class relations upon which it is based, is taking place.”

Since 2009, when the policies of bank bailouts, near-zero interest rates and “quantitative easing” were fully implemented, the wealth of the world’s billionaires has nearly tripled. Led by the Obama administration in the US, the ruling class has funneled trillions of dollars into the financial markets while carrying out a relentless assault on the working class.

The universal character of these processes makes clear that what is at issue is the very nature of the existing economic order. The extraordinary growth of social inequality and the immense transfer of wealth from the bottom to the top are expressions of a bankrupt and diseased social system, capitalism. The decay and crisis of this system are producing the means for its own demise—the eruption of social conflict and class struggle on a world scale.

The Democrats’ proposal for a trivial increase in
the minimum wage comes as social inequality is hitting unprecedented levels.
The net worth of America’s billionaires reached $1.2 trillion last year, more
than double what it was in 2009. Meanwhile, median household income in the US
plummeted by 8.3 percent between 2007 and 2012.

THE DEMOCRAT PARTY: BANKSTER-FUNDED PARTY FOR OPEN BORDERS, MEX WELFARE, NO
LEGAL NEED APPLY and LA RAZA SUPREMACY!

SEN. JEFF SESSIONS

“No party can win without working and
middle class voters. The path forward for the GOP is to become the party
of the American worker. The party of higher wages. The party of full
employment.

The Democratic Party has already cast
its lot: its members have endlessly enabled the President’s anti-worker
policies, including his wage-cutting agenda of uncontrolled immigration and the
bleeding of American manufacturing wealth overseas.”

"Notwithstanding these powerful trends, the stock
markets continue to power on, providing a graphic demonstration of the degree
to which the accumulation of wealth by global financial elites has become
divorced from the actual process of production."

STAGGERING EXPLOSION OF POVERTY IN AMERICA …
as Obama eases millions of illegals into our jobs and hands them billions in
welfare!

But we still
get the tax bills for Mexico’s crime tidal wave and anchor baby welfare state
in our open borders!

“Meanwhile,
millions of native-born Americans, especially men, have abandoned the job
market altogether. The percentage of men aged 25 to 54 who are working or
looking for work has dropped to the lowest point in recorded history.”

Casting a shadow on economic recovery efforts in the United States is the
cost of illegal immigration that consumes U.S. taxpayer dollars for education,
healthcare, social welfare benefits, and criminal justice. Illegal aliens (or
more politically correct, “undocumented immigrants”) with ties to Mexican drug
cartels are contributing to death and destruction on U.S. lands along the
southern border.

While the declining job market in the United
States may be discouraging some would-be border crossers, a flow of illegal
aliens continues unabated, with many entering the United States as
drug-smuggling “mules.”

NAFTABORDERS and BILLIONAIRES

AMNESTY: America’s death warrant

THE CONSPIRACY to DESTROY AMERICA’S BORDERS… Obama
and his Wall Street banksters

“This nation no longer is a democratic
republic...rather it has become a tool of the super-rich members of the above mentioned elite who
preselect our presidents based on their cooperation and complicity with the
elite’s ultimate goals. Obama has, in their opinion done superbly carrying out
the plans well laid out for him by his backers.”

BILLIONAIRES
partner with MEXICO, OBAMA and the U.S. Chamber of Commerce to assault the
AMERICAN WORKER…. Amnesty, it’s all about keeping wages depressed and passing
along the real cost of all that “cheap” mex labor to the American middle class.

To
cite just one example, if there is a shortage of U.S. engineers, are 1.5
million Americans with engineering degrees either unemployed or working in
other fields? In all too many cases, U.S. tech companies prefer foreign workers
on temporary visas because they are cheaper and more exploitable than
Americans.

“At
the hearing, Dr. Rakesh Kochar, Associate Director for Research at the Pew
Hispanic Center, testified that in the year following the official end of the
recession (June 2009), foreign-born workers gained 656,000 jobs while
native-born workers lost an additional 1.2 million jobs.”

"We
have a situation where the job market — the bottom fell out, yet we kept legal
immigration relatively high without even a national debate," he said.
"As a consequence, a lot of the job growth has been going to
immigrants."

Mr.
Obama did take action this year to grant many illegal immigrants up to 30 years
of age a tentative legal status that prevents them from being deported and
authorizes them to work in the United States.

Some
Republicans in Congress have criticized Mr. Obama's policy, saying it violates
his powers and will mean more competition for scarce jobs.

BARACK
OBAMA: The bankster-funded huckster that brought American to the very edge of
bankruptcy.